Ky. Rev. Stat. § 286.3-065

Current through Acts Received April 24, 2024

Section 286.3-065 - Officers and directors to act in good faith and with necessary and reasonable care and diligence

Each officer and director shall discharge the duties and responsibilities of his or her respective office or position in good faith and with such ordinary care and diligence as necessary and reasonable to administer the affairs of the bank in a safe and sound manner. The provisions of this section and KRS 271B.8-300 apply to directors. The provisions of this section and KRS 271B.8-420 apply to officers.

KRS 286.3-065

Amended by 2016 Ky. Acts ch. 33,§ 1, eff. 7/14/2016.

Amended by 2015 Ky. Acts ch. 34,§ 77, eff. 6/22/2015.

Effective:7/12/2006
Amended 2006, Ky. Acts ch. 183, sec. 6, effective7/12/2006. -- Amended 1998, Ky. Acts ch. 196, sec. 7, effective 7/15/1998. -- Amended 1986 Ky. Acts ch. 444, sec. 4, effective 7/15/1986. -- Amended 1982 Ky. Acts ch. 251, sec. 6, effective 4/1/1982. -- Amended 1970 Ky. Acts ch. 209, sec. 3, effective 6/18/1970. -- Created 1946 Ky. Acts ch. 141, sec. 10.